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Circle, the issuer of the USDC stablecoin, has raised $1.1 billion in its IPO, surpassing expectations. The move comes as U.S. lawmakers advance legislation to regulate stablecoins, potentially boosting institutional adoption.
- Circle's IPO raised $1.1B, with shares priced above the marketed range, reflecting strong investor demand.
- Major investors like ARK and BlackRock are participating, with ARK eyeing up to $150M in shares.
- U.S. Congress is advancing two key bills, the STABLE Act and GENIUS Act, to regulate stablecoins and enhance legitimacy.
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